Umbrella Insurance Policy

[Brad Peralta]

Are you able to get umbrella insurance on top of only the rental property? The insurance providers I’ve reached out to require me to bring everything (auto, primary and rental) under the same insurance company to get an umbrella policy. I keep my primary and auto separated at different insurance companies to get the best rates. Their so-called bundle rate isn’t that great. Any help is greatly appreciated!

[Ruth Geller]

@Brad Peralta You should be able to obtain an Umbrella policy regardless of which carrier the underlying policies are with. Umbrella carriers usually have minimum ratings that they require the underlying carrier to have but an Umbrella policy can be excess of different carriers. If the rental is on your personal name the Umbrella policy should be excess not only your rental policy but home and auto as well. It is possible the carrier you approached will only write the Umbrella policy if they write the other policies but there are companies that will do it.